STOCKS HIT NEW HIGHS: Here's what you need to know
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Andrew Harnik/AP
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Here's the scoreboard:
- Dow: 20,476.44, +64.28, (0.31%)
- S&P 500: 2,334.80, +6.55, (0.28%)
- Nasdaq: 5,774.81, +10.86, (0.19%)
- "Waiting too long to remove accommodation would be unwise, potentially requiring the FOMC to eventually raise rates rapidly, which could risk disrupting financial markets and pushing the economy into recession," Yellen told the Senate Banking Committee.
- Cigna is scrapping its plan to merge with rival Anthem, and is suing Anthem for $13 billion in damages because the deal couldn't get approved. The health insurance company said it was terminating the merger after a federal judge blocked the deal on anti-competitive grounds.
- Humana announced that it was terminating its merger agreement with its health insurance counterpart Aetna after a federal judge blocked the deal. Aetna will pay Humana a breakup fee of $1 billion, or $630 million excluding taxes.
- Canadian home prices in January saw the largest 12-month increase in a decade amid the housing boom in Toronto. The national house price inflation climbed to an annual rate of 13.0% year-over-year, according to the Teranet-National Bank Composite House Price Index.
- The House Freedom Caucus, a conservative wing of congressional Republicans, voted Monday night to support a swift and aggressive repeal of the Affordable Care Act. This complicates GOP efforts to unite around a plan to repeal and replace Obamacare.
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- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- From terrace to table: 8 Edible plants you can grow in your home
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley